EghtesadOnline: Iran may resort to various ways of reducing the impact of US sanctions on its oil exports and those tactics could include secret oil shipments without trackers on tankers, bartered trades, discounts and extended credit periods on oil sales, analysts say.

During the previous round of sanctions, Iran disabled tracking on its tankers, resulting in millions of barrels of oil exports that were unaccounted for, Bloomberg reported.

In the next round of sanctions, nearly 200,000 bpd of Iran’s oil exports could be undisclosed, Robin Mills, CEO at consultancy Qamar Energy in Dubai, told Bloomberg.

While this volume will not have a significant impact on the global oil market, it could be helpful to Iran in offsetting some of the sting from the US sanctions that kick in early November, according to Financial Tribune.

Iman Nasseri, managing director Middle East at FGE London, said smaller Chinese refiners could take some of the undisclosed oil shipments, adding that China, India and Turkey are likely to continue buying Iranian oil after November 4.

According to Nasseri, Iran may export around 800,000 bpd of its oil well into 2019.

Crude oil and condensate exports were set to drop to a total of 64 million barrels in August, or 2.06 million bpd. It would be the first time that monthly crude and ultra-light oil shipments out of Iran fell below 70 million barrels since April 2017, according to preliminary trade flows data by Thomson Reuters Eikon.

Ship tracking data crunched by Bloomberg confirmed Reuters’ data that Iranian oil and condensate exports were below 2.1 million bpd in August—the lowest levels since March 2016, with crude oil exports at their lowest since January this year.